Assetmark Inc. Has $48.72 Million Stock Holdings in Snap-On Incorporated $SNA

Key Points

• Assetmark Inc. raised its Snap‑On stake to 141,377 shares (a 3.2% increase in Q4), representing about 0.27% of the company and worth approximately $48.72 million.
• Insider selling has been significant recently — insiders sold 39,650 shares worth $15.21 million in the past 90 days (including a $2.69M sale by the CFO), leaving insiders with 3.80% ownership.
• Analysts have a consensus "Moderate Buy" on SNA with a $372.80 target; Snap‑On recently beat EPS estimates ($4.94 vs. $4.86) and pays a $2.44 quarterly dividend (≈2.6% yield).

Assetmark Inc. raised its holdings in Snap-On Incorporated (NYSE:SNA - Free Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,377 shares of the company's stock after acquiring an additional 4,379 shares during the quarter. Assetmark Inc. owned about 0.27% of Snap-On worth $48,718,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Snap-On in the fourth quarter valued at approximately $25,000. GoalVest Advisory LLC bought a new position in shares of Snap-On in the fourth quarter valued at approximately $28,000. SJS Investment Consulting Inc. raised its position in shares of Snap-On by 1,880.0% in the third quarter. SJS Investment Consulting Inc. now owns 99 shares of the company's stock valued at $34,000 after purchasing an additional 94 shares during the period. Quent Capital LLC bought a new position in shares of Snap-On in the third quarter valued at approximately $36,000. Finally, CYBER HORNET ETFs LLC bought a new position in Snap-On during the second quarter worth $43,000. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SNA shares. Roth Mkm reaffirmed a "buy" rating and set a $409.00 target price (up from $385.00) on shares of Snap-On in a research report on Tuesday, February 10th. Wall Street Zen lowered shares of Snap-On from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Snap-On in a research report on Wednesday, January 21st. Tigress Financial boosted their price target on shares of Snap-On from $405.00 to $445.00 and gave the company a "buy" rating in a report on Friday, February 27th. Finally, Robert W. Baird set a $375.00 price target on shares of Snap-On in a report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $372.80.

Insider Activity at Snap-On

In related news, CFO Aldo John Pagliari sold 7,043 shares of the company's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $382.05, for a total transaction of $2,690,778.15. Following the transaction, the chief financial officer owned 117,183 shares in the company, valued at $44,769,765.15. This represents a 5.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP June C. Lemerand sold 1,378 shares of the business's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $387.57, for a total value of $534,071.46. Following the sale, the vice president directly owned 2,913 shares of the company's stock, valued at $1,128,991.41. This represents a 32.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 39,650 shares of company stock worth $15,210,959 in the last 90 days. Corporate insiders own 3.80% of the company's stock.

Snap-On Stock Down 1.0%

Shares of NYSE SNA opened at $377.74 on Wednesday. The firm's 50-day simple moving average is $374.05 and its 200 day simple moving average is $356.99. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. The company has a quick ratio of 3.68, a current ratio of 4.79 and a debt-to-equity ratio of 0.20. Snap-On Incorporated has a 12-month low of $289.81 and a 12-month high of $390.13.

Snap-On (NYSE:SNA - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $4.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.86 by $0.08. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. Snap-On had a net margin of 21.44% and a return on equity of 17.34%. The firm's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.82 EPS. On average, research analysts expect that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-On Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were given a dividend of $2.44 per share. The ex-dividend date was Tuesday, February 24th. This represents a $9.76 annualized dividend and a yield of 2.6%. Snap-On's dividend payout ratio is 50.86%.

About Snap-On

Snap‑On Incorporated NYSE: SNA is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company's product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.

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